Vietnam’s 2019 Early Retirement Policy: Requirements and Regulations

The 2019 early retirement policy in Vietnam saw significant changes compared to previous regulations, directly impacting workers’ benefits. This article provides detailed information about the 2019 early retirement policy, including eligibility requirements, procedures, and important considerations.

Eligibility Requirements for Early Retirement under the 2019 Law

According to the 2014 Social Insurance Law and Decree 115/2015/ND-CP, to be eligible for early retirement in 2019, workers must meet the following conditions:

• Eligible individuals: Workers in arduous, hazardous, or dangerous environments or those who have made significant contributions to the country.
• Social insurance contribution period: Males must be 55 years old, females must be 50 years old, and have at least 20 years of social insurance contributions.
• Working time in special conditions: At least 2/3 of the total working time with social insurance contributions.

Application Process and Required Documents for 2019 Early Retirement

To benefit from the early retirement policy, workers need to prepare a complete application dossier, including:

1. Early retirement application form (using the prescribed template).
2. Original social insurance book.
3. Citizen Identity Card/ID Card (copy).
4. Documents proving working conditions in special environments, such as labor contracts, work assignment decisions, work monitoring records, etc.

The complete application dossier must be submitted to the social insurance agency where the worker is participating in social insurance.

Important Considerations Regarding the 2019 Early Retirement Policy

Besides meeting the eligibility requirements, workers should note the following important points:

• Application submission time: It is recommended to submit the application at least 3 months before the intended retirement date to ensure benefits.
• Pension amount: Depends on the social insurance contribution period and the average social insurance contribution salary of the highest contributing years.
• Support policies: Early retirees are entitled to all support regimes as prescribed by law.

Frequently Asked Questions about the 2019 Early Retirement Policy

1. Can workers who have not contributed to social insurance for 20 years but have worked in special environments for many years retire early?

According to current regulations, workers must meet both age, social insurance contribution period, and working time in special conditions to be eligible for early retirement.

2. Is the pension of early retirees lower than that of those who retire at the official retirement age?

The pension of early retirees will be lower than that of those who retire at the official retirement age due to a shorter social insurance contribution period.

Learn More About Related Policies

For a more comprehensive understanding of related policies, you can refer to the following articles:

• Ebook Political Books
• Policy Bank Loan Interest Rates in 2019

Conclusion

The 2019 early retirement policy offers many benefits for workers in special working conditions. However, to ensure their rights, workers need to understand the regulations and follow the correct procedures.

For support and detailed advice on the early retirement policy, please contact Phone Number: 0968239999, Email: [email protected] Or visit the address: No. TT36 – CN9 Road, Tu Liem Industrial Park, Phuong Canh Ward, Nam Tu Liem District, Hanoi. We have a 24/7 customer service team.